Huawei Nigeria Posts $7.23bn Income for First Half of 2015

Mergers, Acquisitions and Financial Results

Huawei, a leading global information and technology (ICT) solutions provider has continued to record remarkable business growth for first half of 2015 with the total revenue reaching a total of $9.09 billion.

The result showed an impressive year-on-year increase of 69 per cent, of its Consumer Business Group (BG), with unit's sales income representing 32 per cent of total income of the parent company; Huawei Technologies up from 24 per cent in first half of the year.
Huawei's handset business revenue reached $7.23 billion in first half of 2015, recording a year-on-year increase of 87 per cent. According to the firm's Senior Marketing Manager, Nigeria Consumer Business Group, Mr. Olaonipekun Okunowo, "this was due to the success of Huawei Consumer BG's strategy of focusing on mid-to-high-end handsets, which contributed to both the increase in shipments and average selling price.
Source: This Day 2nd August 2015